XRHealth, an artificial intelligence-powered company, has recently completed the acquisition of RealizedCare, a behavioral health digital therapeutics (DTx) company. This acquisition marks the third such deal for XRHealth in the past few years, solidifying its position in the healthcare technology market.
RealizedCare, based in Elizabethtown, Kentucky, specializes in creating digital therapeutics for mental health challenges and chronic pain. The company is known for its innovative AI triage tool, which helps determine the most effective course of digital interventions and when to escalate cases to clinicians. RealizedCare was formed in 2023 through the merger of DTx company BehaVR and virtual chronic pain management company Fern Health. The company then acquired another VR company, Oxford VR, in 2022.
XRHealth, headquartered in Needham Heights, Massachusetts, focuses on developing AI-based healthcare technology with applications in mental health, physical therapy, cognitive rehabilitation, pain management, and more. The company’s products enable value-based care delivery, revolutionizing the way patients engage with their own healing journey.
Eran Orr, CEO of XRHealth, expressed excitement about the acquisition, stating that the integration of RealizedCare’s triage tool and therapeutic solutions will help build the world’s largest XR healthcare platform. By combining mixed reality, extended reality, and AI-driven insights, XRHealth aims to expand global access to high-quality therapy, empower clinicians with advanced tools, and reshape the healthcare landscape.
Aaron Gani, founder and CEO of RealizedCare, will continue to play a key role in the newly merged company as general manager of XRHealth U.S. Gani expressed enthusiasm about joining forces with XRHealth, stating that the integration of their triage tool with XRHealth’s XR and mixed reality capabilities will enhance access to evidence-based, value-based care solutions for individuals managing chronic pain and mental health conditions.
The RealizedCare acquisition is the latest in a series of strategic moves by XRHealth. In the past year, XRHealth has acquired NeuroReality, a company specializing in VR-based medical devices for conditions such as strokes and traumatic brain injuries, as well as Amelia Virtual Care, a virtual reality platform designed for mental health professionals.
Overall, XRHealth’s acquisition of RealizedCare highlights the company’s commitment to advancing digital therapeutics and revolutionizing the healthcare industry through the integration of AI, mixed reality, and value-based care delivery. With a focus on empowering patients and clinicians alike, XRHealth continues to position itself as a leader in the rapidly evolving healthcare technology market.
